Germany will provide an initial contribution of €10m (R207.33m) to the World Bank trust fund this year with the support of the Compact with Africa, German finance minister Lars Klingbeil said on Thursday.
“We are convinced that this is a worthwhile investment and we will be very pleased to see other G20 members join us,” he said in Durban.
The Durban gathering of finance chiefs on Thursday and Friday unfolds against the backdrop of mounting economic pressures, particularly for African economies.
Reuters
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.